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Joan O'Connor and Deirdre Power of Deloitte look at two of the more significant developments just announced in Ireland - the new regime for transfer pricing and the ability to re-domicile funds to Ireland.

By David Stevenson

The recently published Finance Bill 2010 introduces transfer pricing legislation in Ireland. It will come into effect on January 1 2011, although generous grandfathering provisions apply. The aim of the legislation is to align Ireland with its main trading partners by formally adopting the OECD arm's-length principle.

Chartered accountants and business advisers Wilkins Kennedy has appointed Andy Dawbarn as a VAT partner.

Srinivasa Rao and Rajendra Nayak of Ernst & Young in India analyse OECD discussions and how they could and should affect the Indian transfer pricing rules.

Nélio Weiss Philippe Jeffrey As changes introduced in Brazilian legislation at the end of the 2009 demonstrate, the Brazilian tax authorities are focusing on intensifying the fight against the use of tax havens with the sole objective of reducing taxation.

The Netherlands have made the latest move by introducing the Innovation Box. Wim Eynatten and Patrick Brauns of Deloitte compare the IP tax regimes of the Benelux countries.

Stavros Strouzas Amendments to the Cypriot VAT legislation, intended to make Cyprus compliant with the provisions of the EU Council Directives, came into force on January 1 2010. The revised law incorporates new provisions on the determination of the place of supply of services and the VAT refund procedure relating to intra community transactions, resulting in variation in the liability of the service providers and revised administrative obligations for the taxpayers essentially in their internal procedures followed.

Chris Van Loan Ilan Braude On December 18 2009, the Canadian Department of Finance released a package of technical amendments governing the taxation of foreign affiliates. These proposed changes are the latest step in a long term overhaul of the foreign affiliate rules, however, many significant issues must still be addressed including the rules governing mergers, liquidations and other reorganisations involving foreign affiliates.

Marcel Widrig of PricewaterhouseCoopers explains how Switzerland has amended its practice on exchange of information since 2009 and what impact this has had on the international agreements it has signed up to